Stifel Financial Corp Sells 4,407 Shares of Sociedad Quimica y Minera S.A. (SQM)

Stifel Financial Corp trimmed its holdings in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 30.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,067 shares of the basic materials company’s stock after selling 4,407 shares during the period. Stifel Financial Corp’s holdings in Sociedad Quimica y Minera were worth $331,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Sociedad Quimica y Minera by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock worth $353,000 after buying an additional 78 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Sociedad Quimica y Minera by 0.8% in the second quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock worth $1,224,000 after buying an additional 278 shares during the last quarter. Van ECK Associates Corp increased its stake in Sociedad Quimica y Minera by 0.3% during the second quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock valued at $4,569,000 after purchasing an additional 386 shares during the last quarter. Capstone Asset Management Co. increased its stake in Sociedad Quimica y Minera by 2.7% during the second quarter. Capstone Asset Management Co. now owns 15,413 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 410 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Sociedad Quimica y Minera by 20.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 4,200 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 700 shares during the last quarter. 13.64% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on SQM. BMO Capital Markets boosted their target price on shares of Sociedad Quimica y Minera to $60.00 and gave the company an “average” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. HSBC Holdings plc lowered shares of Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research report on Wednesday, October 11th. Santander upgraded shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th. Bank of America Corporation upgraded shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.47.

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Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) opened at $58.85 on Friday. The firm has a market capitalization of $15,278.58, a price-to-earnings ratio of 45.00, a PEG ratio of 1.11 and a beta of 1.06. The company has a current ratio of 4.19, a quick ratio of 2.47 and a debt-to-equity ratio of 0.47.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Sociedad Quimica y Minera had a net margin of 16.28% and a return on equity of 14.90%. The business had revenue of $505.70 million during the quarter, compared to analyst estimates of $500.49 million. research analysts predict that Sociedad Quimica y Minera S.A. will post 1.61 earnings per share for the current fiscal year.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

Institutional Ownership by Quarter for Sociedad Quimica y Minera (NYSE:SQM)

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